Question

The cost price of an article is 75% of the marked price. If a discount of 15% is allowed, then the profit or loss percentage is:
1. 12.44% loss
2. 15% profit
3. 15.55% loss
4. 13.33% profit

Answer 1

Correct Answer - Option 4 : 13.33% profit

Given:

Discount % = 15%

Formula used:

Selling price = Marked Price - Discount

Profit = Selling Price - Cost Price

Profit % = (Profit/Cost price)× 100

Calculation:

Let the marked price be = 100

So, the cost price = 100 × 75/100 = 75

Selling price = 100 - 100 × (15/100) = 85

Profit = 85 - 75 = 10

Profit percentage = 10/75 × 100

∴ The profit percent is 13.33%